Avery-Tsui Foundation
- Assets
- $15.5m
- Revenue
- $975.0k
- Investments
- $14.1m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 65-6431837
Organization Overview
Avery-Tsui Foundation is located in San Diego, CA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avery-Tsui Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Avery-Tsui Foundation generated $975.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Avery-Tsui Foundation has awarded 18 individual grants totaling $13,982,661. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Tsui Wongavery Dir/ceo/pres | 20 | $40,000 | |
Natasha Wong Dir/sec/vp | 20 | $40,000 | |
Tom Hom Dir/treas/cfo/vp | 20 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $386,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $587,328 |
| Capital Gain Net Income | $587,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,162 |
| Total Revenue | $974,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,400 |
| Printing and publications | $0 |
| Other expenses | $710 |
| Total operating and administrative expenses | $481,426 |
| Contributions, gifts, grants paid | $5,175,634 |
| Total expenses and disbursements | $5,657,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,904 |
| Savings and temporary cash investments | $1,364,153 |
| Net Accounts receivable | $5,799 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,105,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,009 |
| Total assets | $15,513,950 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,500,000 |
| Total liabilities | $4,500,000 |
Grants Awarded
Over the last fiscal year, Avery-Tsui Foundation has awarded $12,432,636 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CAMBRIDGE IN AMERICA PURPOSE: TRINITY HALL MASTER'S DISCRETIONARY FUND | $4,300 |
PACIFIC ARTS MOVEMENT PURPOSE: 23RD ANNUAL SAN DIEGO ASIAN FILM FESTIVAL | $20,000 |
FRIENDS OF WE CHINESE IN AMERICA PURPOSE: GENERAL SUPPORT | $20,000 |
POWAY UNIFIED SCHOOL DISTRICT PURPOSE: IMPLEMENTATION OF THE AVERY WONG GLOBAL LANGUAGES AND CULTURE FOR ELEMENTARY STUDENTS PROGRAM | $131,334 |
CHINESE SCHOOL OF SAN DIEGO PURPOSE: GENERAL SUPPORT | $500,000 |
ALPHA EDUCATION PURPOSE: WONG/AVERY ASIA-PACIFIC PEACE MUSEUM | $800,000 |